The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-29
THE NATURAL-GAS OUTLOOK.
Discussion of the Council Ordinance-Leases
Secured on 10000 Acres of Gas Territory.

large number of manufacturers and repre-
sentative citizens with w. p. Fish back presid-
ing, met at the Denison House last night to con-
slider principally the natural-gas ordinance
passed by tho Council and the probability OF
its acceptance by foreign companies Major
Calkins who attends to the legal interests OF
the Indiana Natural-gas Company: and others
close to the Standard trust, said that the ordi-
nance, in its present shape, would not be accept
able. Its restrictive measures were not encour-
aging to the investment Of foreign capital in
Indianapolis. This led to interchange of
views from Frederick Ostermeyer, E. c. Atkins,
E. B. Martindale and others. During their ex-
pressions the feasibility of the several home
prospecting companies pooling their interests,
looking a citizens pipeline, corporation, and
the possibility of the manufacturers of the city
uniting in a like company were suggested. The
opinions were various, the weight or them tend
ing toward an amendment of the ordinance SO
as TO induce the coming of foreign capital TO pipe
gas to the city. The only definite action taken
was providing for committee to confer with
the Board of Aldermen as to the amendments.
and also for one to consider the suggestion of
pooling uniting the local companies Both OF
these committees are TO pc appointed ny the
presidents Of the meeting and announced during
the week through the papers Another meeting
is to be held next Saturday night at which repre-
sentatiyes OF foreign companies asking admission
to the city will be present
what amount of leased land has the Indian
apolis Natural-gas Company" inquired Jour
nal reporter of Mr. G. r. Root, of that company,
'sand where is it situatedF
1--WE have leased between eight thousand and
ten thousand acres" was the answer. Il have
not been doing anything for more than three
weeks but going about among the farmers leas-
ing what we consider as likely to prove to be gas
territory In addition to this we have promises
of more and will get all We need. We are clos
ing ND leases every day. The land we have
leased starts in at Allsonville, or rather some
distance this side and runs west TO the river and
a mile and a half north of Fishers Station, then
east of Fishers Station to the neighborhood of
Fortville and Germantown. On the north we
90 to within four and one-haf miles o. MOBILES
Vile We also have big lot OF territory start
ing from Greenfield and on this way to Philadel-
phia and "a far Cumberland, which is ten
miles east of Indianapolis. We are now pros
pectinc exclusively IN our Fishers Station dis
rrict We will begin drilling ono we'll there
Tuesday and another few days later three miles
this side Of Fishers Station on the Alsonville
and Fall-creek gravel road So far as the much
talked.of ordinance is concerned think with
few alterations it will be acceptable to our COM
pany The rates to consumers are satisfactory
The Meridian Gas and Petroleum Company,
of this CITY, with . capital stock of $4,000, filed
articles of Incorporation with the Secretary of
state Yesterday. The directors are Charles II.
Brock. Frank Straul, jr.. Thomas 5. Sheehan.
b. Hornidas Vanier, Herman e. Renne, VIM.
Wun6ram, ST., and George heck.